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Stopping transfer pricing

Abu Ahmed | 2014-07-16 00:00:00

Though late, the National Board of Revenue (NBR) has come up with a plan to stop transfer pricing. Transfer pricing means illegal transfer of money by companies, specially by the multinational ones, from one country to another through various transactions...

Modi and South Asian cooperation

Shariful Islam | 2014-07-16 00:00:00

The invitation sent to the heads of governments of the SAARC member states to attend the swearing-in ceremony of Prime Minister-elect Narendra Modi at his insistence and the quick response from these countries signal a positive message for promotion of...

Atrocities in Gaza: Where is the end?

2014-07-16 00:00:00

Blood in the Gaza strip continues to spill as Israeli forces continue their attack, leaving many people including children and women killed. Thousands fled their homes ahead of threatened attack.  Israel is intensifying its brutal bombing in defenceless Gaza with...

Photovoltaic — from roof to road

2014-07-16 00:00:00

Solar power generation is seeing a revolutionary change that can herald power generation at multi-kilowatt levels soon. This is in reference to the AP news and photograph published in an English newspaper on 12th July. Big things can come from...

Need for a strong HRC

2014-07-16 00:00:00

Bangladesh National Human Rights Commission is not doing enough to uphold human rights. Violation of human rights is rampant in Bangladesh, but the NHRC seems to be reluctant to take strong steps or lodge tough protest against human rights violation....

Goods delivery automation at Dhaka airport directed

2014-07-16 00:00:00

Civil Aviation Minister Rashed Khan Menon on Wednesday directed the authorities concerned to introduce the automation system soon at Hazrat Shahjalal International Airport to curb irregularities and hassles in goods delivery operation. The minister made the directive while visiting the...

Achieving targeted GDP growth

Saleh Akram | 2014-07-16 00:00:00

Since Finance Minister AMA Muhith tabled the Finance Bill (Budget) 2014-15, the media has been flooded with streams of comments and views. Economists, planners and financial experts have converged to dissect the budget, highlighting its merits and demerits, strengths and...

Repatriating Rohingya refugees to their homeland

2014-07-16 00:00:00

President Barack Obama, accompanied by former Secretary of State Hillary Clinton, visited Myanmar in November, 2012.  The trip facilitated Myanmar's opening up to the international community. Obama was the first US President to undertake a visit to Myanmar. Secretary of...

DSE turnover remains below Tk 2.0 billion

FE Report | 2014-07-16 00:00:00

After a single-session break, the stock market returned to the red again Tuesday as investors were hungry for cash over upcoming Eid-ul-Fitr. Only seven trading sessions are left ahead of Eid vacation. "Investors' sentiment still remains shaky and their prompt...

Pubali Bank lowers lending rate, launches SMS banking

FE Report | 2014-07-16 00:00:00

Pubali Bank Ltd (PBL) has reduced its interest rate on loan from 16.5 per cent to 15.0 per cent with the aim of helping increase investment and economic development in the country. Managing Director and Chief Executive Officer (CEO) of...

News Briefs

2014-07-16 00:00:00

Reynolds American to buy Lorillard NEW YORK, July 15: US tobacco giant Reynolds American will buy smaller rival Lorillard in a $27.4 billion cash-and-stock deal, the companies said Tuesday. The combination of Reynolds American Inc. the second-largest US tobacco company,...

Photo: IFIC Bank Limited

2014-07-16 00:00:00

Photo: Social Islami Bank Limited

2014-07-16 00:00:00

BTRC reps touring across country to assess 3G network development

FE Report | 2014-07-16 00:00:00

Representatives of the telecom regulator have started touring across the country to take stock of the 3G (third generation) network development made by the mobile phone operators in last nine months of the service launching. As part of its monitoring,...

Nifty snaps 5-day selling streak

2014-07-16 00:00:00

MUMBAI, July 15 (Reuters): The Nifty rose about 1 per cent on Tuesday, snapping a five-day losing streak as rate-sensitive stocks such as ICICI Bank surged after consumer inflation in June slowed to the lowest since the figures were published...

Japan\\\'s samurai bond issuance on track to set record this year

2014-07-16 00:00:00

TOKYO, July 15 (Reuters): Japan's samurai bond market is on track for a record year, as low issuance costs and yield-starved Japanese investors tempt more foreign companies to issue yen-denominated debt. The popularity of samurais might seem counterintuitive, as spreads...

Line Corp files for IPO at Tokyo Exchange

2014-07-16 00:00:00

TOKYO, July 15 (Reuters): Japanese messaging app operator Line Corp applied for an initial public offering (IPO) valued at over 1 trillion yen ($9.85 billion) around two weeks ago at the Tokyo Stock Exchange, a person with knowledge of the...

Shares in Portuguese BES bank plunge

2014-07-16 00:00:00

LISBON, July 15 (AFP): Shares in stricken Portuguese bank Banco Espirito Santo (BES) plunged further on Tuesday, sinking more than 20 per cent at one point. In mid-morning trading, shares in the biggest private bank in Portugal, were down 15.28...

IPO Diary

2014-07-16 00:00:00

Dutch state liable over killings of 300 Bosnian Muslims in 1995

2014-07-16 00:00:00

A Dutch court has ruled that the Netherlands is liable over the killings of more than 300 Bosniak (Bosnian Muslim) men and boys at Srebrenica in Bosnia-Hercegovina in July 1995. The men and boys were among 5,000 Bosniaks, mostly women...

Latest NAV of RACE-managed MFs

2014-07-16 00:00:00

BD to work together with ICC: PM

2014-07-16 00:00:00

Prime Minister Sheikh Hasina on Wednesday reaffirmed Bangladesh’s commitment to keep on working together with the International Criminal Court (ICC) and the international community in their efforts to ensure justice. “I reaffirm Bangladesh's commitment to continue to work together with...

Photo: Prime Bank Limited

2014-07-16 00:00:00

Khaleda helps families of party victims

2014-07-16 00:00:00

BNP chairperson Khaleda Zia on Wednesday night provided financial assistance to the families of 21 BNP men who have been killed and made disappeared in the city. She gave Tk 0.1 million to each family of the 21 victims of...

Photo: Islami Insurance Bangladesh Limited

2014-07-16 00:00:00

European markets rebound on China data

AFP | 2014-07-16 00:00:00

LONDON: European stock markets leapt higher on Wednesday owing to strong economic growth data from China and an improved picture in Portugal, dealers said. London's FTSE 100 rallied 1.11 per cent to 6,784.67 points as Britain's unemployment rate hit 6.5...

Photo: Rupali Bank Ltd

2014-07-16 00:00:00

Non-RMG sector loses sheen as shipment shrinks

Jasim Uddin Haroon | 2014-07-16 00:00:00

Most sectors barring the clothing performed poorly as stronger local currency and trouble-torn destinations bit into their export proceeds in the fiscal year just gone by. Analysts and sector insiders said appreciation of Taka is one of the key reasons...

FIAB demands closure of waste crushing mills at tanneries

FE Report | 2014-07-16 00:00:00

Poultry feed producers on Tuesday demanded destroying tannery waste at the tanneries to prevent use of toxic tannery waste in the preparation of poultry feeds by dishonest businesses. Leaders of Feed Industries Association Bangladesh (FIAB) also demanded the government shut...

Jamdani fair opens tomorrow

FE Report | 2014-07-16 00:00:00

Bangladesh Small and Cottage Industries Corporation (BSCIC) will organise a seven-day Jamdani and handicrafts exhibition and fair on Thursday in the city to make Jamdani famous to the world. Artisans will display varieties of Jamdani sarees including tersa, jalpar, pannahazar,...